Data from FMDQ showed that the indicative exchange rate for the Investors and Exporters (I&E) window rose to N768.6 per dollar from N740.08 per dollar from Tuesday, indicating N28.52 depreciation for the naira.
Similarly, the naira depreciated to N870 per dollar in the parallel market yesterday from N867 per dollar on Wednesday, indicating N3 depreciation.
Consequently, the gap between the official and parallel market exchange rates widened to N101.4 per dollar yesterday from N126.92 per dollar on Wednesday.
Similarly, the naira depreciated to N870 per dollar in the parallel market yesterday from N867 per dollar on Wednesday, indicating N3 depreciation.
Consequently, the gap between the official and parallel market exchange rates widened to N101.4 per dollar yesterday from N126.92 per dollar on Wednesday.
from Vanguard
Dollar 860
ReplyDeletePounds 1,150
Only God knows the rate it will be before or during December 🙆
At the rate this is proceeding, probably over 1000 naira to a dollar. Nigeria is on a long road o, even the longest child birth is not more than a few days o, they have put Nigeria on child birth pro max.
DeleteIf you have a little space in your house, please plant a little garden of some of the things you eat, like pepper, tomatoes etc, at least you can eat some of them to help you a little o. Just throw the seeds on the ground and they easily germinate.
The president should do something about this, please
ReplyDeleteHe has already done something my dear. He removed Emefiele who is carrying the load of bad policies. The way people celebrated the removal of the dual naira policy eh, I thought that the naira will appreciate oh, instead it's gone from bad, very bad to worse and worst. When I looked yesterday, black market was stated at 855 naira to a dollar.
DeleteNow they have brought back some banned BDC operators, over 400 of them, they are going to make a killing this period. The rich are getting richer and super rich while the other citizens are suffocating. oma se o.
Even with the change of guard at CBN, it is getting worse. na wa.
ReplyDeleteHahahaha Mek e quick reach $1 to 2k
ReplyDelete